Barista Coffee Company Deputy Manager - Finance Interview Questions and Answers

Q1. External Audit what is the control checks ?
Ans. 
External audit control checks are procedures implemented by external auditors to ensure accuracy and reliability of financial statements.
• External auditors review internal controls to assess their effectiveness in preventing and detecting errors or fraud.

• They perform tests of transactions and account balances to verify the accuracy of financial information.

• Auditors also evaluate management's estimates and judgments to e...read more
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Q2. Purchases System Vs Returns and Vat & other taxes system data vs revenues
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The Purchases System, Returns and VAT & other taxes system data, and revenues are all important components of the financial management process.
• Purchases System involves recording all purchases made by the company, including inventory and supplies.

• Returns and VAT & other taxes system data tracks returns, calculates VAT, and ensures compliance with tax regulations.

• Revenues represent the income generated by the company th...read more
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Q1. How much salary expectations
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Q1. Would u like to join this company
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Q1. Previous Assignments
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Q2. Expectation from this Job.
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Q1. Expectation from the current JD
Ans. 
The expectation from the current JD is to effectively manage the finance department, ensure accurate financial reporting, and contribute to strategic decision-making.
• Ensure accurate financial reporting by overseeing financial statements and budgets

• Manage the finance department by leading a team of finance professionals

• Contribute to strategic decision-making by providing financial analysis and insights

• Collaborate with o...read more
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Q2. Purpose for changing the current job.
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Work done duration 30 minutes

Q1. On previous company role responsibilities
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Q1. How was your past experience with the Corporate Culture ?
Ans. 
I have had positive experiences with corporate culture in my past roles.
• I have worked in environments that prioritize teamwork and collaboration.

• I have experience with companies that value transparency and open communication.

• I have been part of organizations that promote a healthy work-life balance.

• I have encountered diverse and inclusive corporate cultures that value employee well-being.

• I have worked in environments t...read more
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Q2. What knowledge about PO processing for Beverages Products ?
Ans. 
PO processing for Beverages Products involves managing purchase orders for ingredients, packaging materials, and finished goods in the beverage industry.
• Understanding the procurement process for beverages products

• Managing purchase orders for ingredients such as fruits, flavors, and sweeteners

• Coordinating with suppliers for timely delivery of packaging materials like bottles and labels

• Ensuring accurate quantities and sp...read more
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Normal Questions was in Apptitude Test.

Q1. What is GRIR and how does it get generated..
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GRIR stands for Goods Receipt Invoice Receipt. It is generated when there is a discrepancy between goods received and invoice received.
• GRIR is a sub-ledger account that tracks the difference between goods received and invoice received.

• It is generated when there is a discrepancy between the quantity or price of goods received and the invoice received.

• GRIR helps in identifying and resolving discrepancies in a timely mann...read more
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Q2. What is provision entry
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Provision entry is an accounting entry made to account for an anticipated expense or liability.
• Provision entry is made to account for expenses or liabilities that are anticipated but not yet incurred.

• It is a way to estimate and record future expenses in the current accounting period.

• Provision entry is usually made at the end of the accounting period.

• Examples of provision entry include provision for bad debts, provision...read more
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Q1. Journal entries, Basic accounting questions
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Q1. Just be yourself. It is with higher management. They try to get the idea of how a person you are, how much confident, also as they are experienced they ask only 1-2 ques to get the idea weather the candida...read more
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